Sales rise 37.24% to Rs 54.87 crore
Posts in category Business Standard
Stock Market LIVE updates: Sensex down 100pts at 81,500, Nifty at 24,900; Financials, Auto, O&G drag (10-09-2024)
Stock Market LIVE updates: Indian benchmark equity indices opened higher on Tuesday, tracking overnight gains in the US markets.
Stocks To Watch: Dixon Tech, Awfis Space, Adani Green, Suzlon, Airtel (10-09-2024)
Stocks To Watch: HP India is set to partner with Dixon Technologies’ subsidiary, Padget Electronics, to manufacture notebooks, desktops, and all-in-one PCs in Chennai under the PLI 2.0 scheme.
Nifty Fin Services, PSU Bank: Check support, resistance & other levels here (10-09-2024)
The Nifty PSU Bank Index is currently positioned in a manner where buying on dips presents the most favourable trading strategy for near-term traders.
PN Gadgil Jewellers collects Rs 330 cr from anchor investors ahead of IPO (09-09-2024)
Jewellery retail chain PN Gadgil Jewellers Ltd on Monday said it has raised Rs 330 crore from anchor investors, a day before its initial share-sale opening for public subscription.
ICICI Prudential Life Insurance Company, Tata Mutual Fund (MF), Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital, The Jupiter Global Fund are among the anchor investors.
According to a circular uploaded on BSE’s website, the company has allocated a total of 68.75 lakh equity shares to 33 funds at Rs 480 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 330 crore.
The Rs 1,100-crore initial public offering (IPO) will open for subscription on September 10 and conclude on September 12. The price band has been fixed at Rs 456 to Rs 480 per share.
The Maharashtra-based company’s IPO is a combination of a fresh issue of equity shares worth up to Rs 850
Gala Precision Engineering shares soar nearly 49% in market debut (09-09-2024)
Shares of Gala Precision Engineering Ltd ended with a premium of nearly 49 per cent against the issue price of Rs 529 on Monday.
The stock made its debut at Rs 750, a jump of 41.77 per cent from the issue price on the BSE. During the day, it soared 48.85 per cent to Rs 787.45. Shares of the firm ended at Rs 787.05, up 48.78 per cent.
On the NSE, it listed at Rs 721.10, surging 36.31 per cent. The stock ended at Rs 757.15, reflecting a jump of 43.12 per cent.
The company’s market valuation stood at Rs 997.19 crore.
In terms of volume, 3.97 lakh shares of the firm were traded on the BSE and 7.89 lakh shares on the NSE during the day.
The initial public offer of Gala Precision Engineering garnered 201.44 times subscriptions on the closing day of bidding on Wednesday.
The initial share sale had a price band of Rs 503-529 per share.
The Rs 168-crore IPO had a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an Offer For Sale (OFS) of 6.16 lakh equity
SC sets aside Bombay HC order imposing Rs 80 lakh fine on Sebi, NSE, BSE (09-09-2024)
The petition has been restored to the original file for disposal. “Let the matter be heard (by the Bombay High Court) for passing an interim or final order,” the Supreme Court said
Tolins Tyres’ IPO fully subscribed in few hours, 1.8 times booking on Day 1 (09-09-2024)
The initial public offer of Tolins Tyres got fully subscribed within hours of opening of bidding on Monday and ended the first day with an overall over-subscription of 1.80 times.
The initial share sale received bids for 1,34,50,866 shares against 74,88,372 shares on offer, according to NSE data.
The Retail Individual Investors’ portion was booked 3.16 times while the quota for non-institutional investors got subscribed 83 per cent. The Qualified Institutional Buyers (QIBs) part got subscribed 12 per cent.
Tolins Tyres Ltd on Friday announced that it has mopped up Rs 69 crore from anchor investors.
The company has fixed a price band of Rs 215-226 per share for its initial public offering (IPO).
The Kerala-based company’s initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 30 crore.
Promoters Kalamparambil Varkey Tolin and Jerin Tolin will offload shares worth Rs 15 crore each throu
Sebi lifts restrictions on 16 entities in Infosys insider trading case (09-09-2024)
Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares.
The regulator also directed that the prohibition slapped on six entities — Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra — through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter.
“I deem it fit to vacate the directions issued vide the interim order read with confirmatory order against noticees 2 to 7 and dispose of instant proceedings against all the noticees.
“The interim order and the Confirmatory Order in respect of the noticees have already been quashed by the SAT vide its order dated April 25, 2022,” Sebi’s whole-time member Ashwani Bhatia said in the 57-page final order.
The case originated after Sebi identified suspicious trading patterns around the financial resul
Sebi levels playing field: FVCIs subject to same governance norms as FPIs (09-09-2024)
Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs